Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
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Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars
Tesla nears land deal for German gigafactory outside of Berlin
Tesla is making progress on its plan to build its European gigafactory in Berlin, Bloomberg reports. The Elon Musk-run automaker is working with state officials in Brandenburg on the contract to secure around 740 acres of land just outside Berlin in Gruenheide, and the government has agreed to the contract as currently written and is… Continue reading Tesla nears land deal for German gigafactory outside of Berlin
Tesla Trans-Canada Supercharger route goes live all at once – mostly V3 250kW
Tesla has been working on a Trans-Canada Supercharger route for more than a year now, and today it finally went live, all at the same time. Even better, most of the locations have Tesla’s new 250kW V3 Supercharger. These allow a Model 3 to add about 100 miles in 7 minutes. According to Tesla’s in-car display,… Continue reading Tesla Trans-Canada Supercharger route goes live all at once – mostly V3 250kW
Lucid Motors doesn’t want to be a ‘Tesla Killer’ – Engadget
Lucid’s CEO Peter Rawlinson is tired of hearing the term “Tesla killer.” Yes, the Lucid Air will be an electric sedan with a proposed range of 400 miles, but Rawlinson is aiming at the luxury market. “Our main competitors are Mercedes, Audi, and BMW.” He wants the automaker to build the electric version of the… Continue reading Lucid Motors doesn’t want to be a ‘Tesla Killer’ – Engadget
@GM: Transforming GM in Oshawa – Time to Focus on the Future
Transforming GM in Oshawa – Time to Focus on the Future A letter from Scott Bell, GM Canada president and managing director 2019-12-16 OSHAWA, Ont. (December 16) — For many, the transformation of General Motors in Oshawa is emblematic of wider changes in the economy. Change is hard and 2019 was especially so, for many… Continue reading @GM: Transforming GM in Oshawa – Time to Focus on the Future
@GM: GM China Science Lab Wins R&D 100 Award for Battery Innovation
GM China Science Lab Wins R&D 100 Award for Battery Innovation All-new high-power battery licensed for mass production 2019-12-17 SHANGHAI – An innovative high-power battery called the capacitor-assisted battery (CAB) that was invented by the General Motors China Science Lab in Shanghai recently received the 2019 R&D 100 Award. The global honor, presented annually by… Continue reading @GM: GM China Science Lab Wins R&D 100 Award for Battery Innovation
Tesla delivers 5,000 cars in November alone in China
Despite the anticipation of the first made-in-China deliveries, Tesla delivered 5,000 cars in November alone in China with imported inventory. Tesla sales in China have grown rapidly over the last few years. It’s now Tesla’s second-biggest market after the US, and it delivered over $600 million worth of vehicles in the country during the last… Continue reading Tesla delivers 5,000 cars in November alone in China
Mirafiori summit on FCA-PSA merger: unions satisfied with investments and plants, but some doubts remain
After the international announcements, the moment of confrontation and prospects. The top management of FCA and representatives of the metalworking unions met today at the Mirafiori plant to discuss the direction the Group will take, once the merger with PSA has been completed. To speak with the workers’ representatives, the CEO for the Emea area… Continue reading Mirafiori summit on FCA-PSA merger: unions satisfied with investments and plants, but some doubts remain
UK commercial vehicle production increases in November
20 December 2019 #SMMT News #UK Manufacturing UK commercial vehicle production rises 9.8% in November, with 8,768 units built. Output for overseas market up 43.5%, but production for home drops -21.7%. Year-to-date performance has fallen by -9.3% during a turbulent year. UK commercial vehicle (CV) production increased 9.8% in November, with 8,768 units manufactured, according… Continue reading UK commercial vehicle production increases in November